The Centre provided Rs 1.29 lakh crore to the education sector in the Budget 2025-26, 6.6 percent higher than Rs 1.21 lakh crore for the current fiscal.
Allocation for schools has been increased to Rs 78,572.10 crore from Rs 73,008 crore (budget estimate), while higher education received Rs 50,077.95 crore.
Presenting the Budget for 2025-26 on February 1, Finance Minister Nirmala Sitharaman announced a string of measures aimed at the education sector, including a Centre of Excellence for Artificial Intelligence with a total outlay of Rs 500 crore.
Sitharaman has also proposed to remove TCS on remittances for education purposes, when they are out of a loan taken from a specified financial institution.
The Centre will also create additional infrastructure in five Indian Institutes of Technology (IITs) started after 2014 to facilitate education for 6,500 more students. Hostel and other infrastructure capacity at IIT, Patna will also be expanded.
The Centre announced plans to expand the capacity of medical colleges too.
Sitharaman in her speech said in the next year, 10,000 more seats will be added in medical colleges and hospitals, towards the goal of adding 75,000 seats in the next five years.
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